DeFi Protocol iZUMi Finance Raises $22M

The former chief technology officer of the troubled BitMEX exchange has been released from custody after a bond for $5 million was paid in the U.S.The news was made public in a document from the District Court of Massachusetts, first reported by The Block.In the document, Reed pledged to appear in court and comply with…

Cryptocurrency traders are withdrawing funds from crypto exchange Binance as the U.S. Securities and Exchange Commission (SEC) sued the company and its CEO Changpeng “CZ” Zhao for violating federal securities law on Monday.Blockchain data shows that the exchange endured some $231 million in net outflows over the past hour, according to blockchain intelligence platform Nansen.Traders…

Jihan Wu is the co-founder of Bitmain, a multinational semiconductor company that is a major manufacturer of application-specific integrated circuit (ASIC) chips used to mine bitcoin and a variety of other cryptocurrencies. Through Bitmain, Wu oversees mining pools ConnectBTC, and the two historically largest bitcoin mining pools by computing power, BTC.com and AntPool. Additionally, Wu…

Crypto exchange Coinbase (COIN) is set to benefit from the U.S. Securities and Exchange Commission’s (SEC) approval of spot bitcoin exchange-traded funds, investment firm Wedbush said in a report on Thursday.Wedbush maintained its outperform rating on Coinbase, and raised its price target on the stock to $180 from $110. Coinbase shares were trading 3% lower

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,950 +3.9% Bitcoin (BTC): $60,661 +4.4% Ether (ETH): $2,653 +3.0% Nikkei 225: 38,062.92 +1.8% Top Stories Bitcoin rose past $61,000

Flowdesk announced that it has been appointed by Societe Generale’s (GLE) Forge to be the market maker for its new Euro-based stablecoin EUR CoinVertible (EURCV).Market making involves providing liquidity in financial markets by acting as an intermediary that facilitates trades between buyers and sellers, ensuring smoother and more efficient transactions. Without market makers, finding a

news Jihan Wu, co-founder of crypto mining giant Bitmain, has argued that ASIC miners make blockchain networks more decentralized – the opposite of what is often argued by members of the crypto community. Speaking at a keynote to discuss proof-of-work and decentralization during a blockchain event in Chongqing, China, on Wednesday, Wu told a mix…

The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims.The defendants, who targeted the Latino community in 10 U.S. states and two other countries, convinced investors that their funds would be invested in crypto and other assets, but weren't, the SEC

A lack of regulation "creates significant loopholes for both criminals and terrorists to exploit" and is "a call to action that we need countries to take this problem seriously," Financial Action Task Force President T. Raja Kumar said in an interview with CoinDesk.FATF published a new report evaluating jurisdictions on their crypto regulation after a